A sales manager for a major pharmaceutical company analyzes last years sales data for 96 sales representatives,
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A sales manager for a major pharmaceutical company analyzes last year’s sales data for 96 sales representatives, grouping them by region (1 = East Coast U.S.; 2 = Midwest U.S.; 3 = West U.S.; 4 = South U.S.; 5 = Canada; 6 = Rest of World). She plots Sales (in $1000) against Region (1–6) and sees a strong negative correlation:
She fits a regression to the data and finds
The R2 is 70.5%.
Write a few sentences interpreting this model and describing what she can conclude from this analysis.
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Related Book For
Business Statistics
ISBN: 9780133899122
3rd Canadian Edition
Authors: Norean D. Sharpe, Richard D. De Veaux, Paul F. Velleman, David Wright
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